ASSET ADVANTAGE LIMITED
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Cash
£1.6M
+111.8% vs 2023
Net assets
£11M
-22.5% vs 2023
Employees
23
+9.5% vs 2023
Profit before tax
-£4.1M
-693% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-06-30.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £17,943,068 | £18,687,273 | +4.1% | |
| Operating profit | £3,857,799 | -£592,856 | -115.4% | |
| Profit before tax | £688,163 | -£4,080,768 | -693% | |
| Net profit | £520,348 | -£3,065,429 | -689.1% | |
| Cash | £757,431 | £1,604,086 | +111.8% | |
| Total assets less current liabilities | £48,410,354 | £41,135,335 | -15% | |
| Net assets | £13,598,834 | £10,533,405 | -22.5% | |
| Equity | £13,598,834 | £10,533,405 | -22.5% | |
| Average employees | 21 | 23 | +9.5% | |
| Wages | £2,007,185 | £2,109,227 | +5.1% | |
| Directors' remuneration | £1,024,160 | £1,116,860 | +9.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 21.5% | -3.2% | |
| Net margin | 2.9% | -16.4% | |
| Return on capital employed | 8.0% | -1.4% | |
| Gearing (liabilities / total assets) | 81.5% | 83.0% | |
| Current ratio | 1.13x | 1.07x | |
| Interest cover | 1.21x | -0.17x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- ASSET ADVANTAGE LIMITED 2011-10-07 → present
- RENTAL ADVANTAGE LIMITED 2007-08-31 → 2011-10-07
- ASSETCO TECHNOLOGY LIMITED 2003-06-30 → 2007-08-31
- TLG TECHNOLOGY LIMITED 2001-04-20 → 2003-06-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Brebners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, which assumes that the Group and Company will have sufficient funds available to enable it to continue to trade for the foreseeable future. The directors are of the opinion that the operations will continue into the foreseeable future.”
Group structure
- ASSET ADVANTAGE LIMITED · parent
- R A (No 3) Limited 100%
- R A (No 4) Limited 100%
- RA (NO 7) Limited 100%
- RA (No 8) Limited 100%
- RA (No 9) Limited 100%
- RA (No 10) Limited 100%
- RA (No. 11) Limited 100%
- RA (No. 15) Limited 100%
- RA (No.17) Limited 100%
- RA (No.18) Limited 100%
- RA (No.19) Limited 100%
- RA (No.20) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDDY, Jonathan Charles Grenville | Director | 2007-08-09 | Apr 1968 | British |
| KNIGHT, Philip James | Director | 2010-03-30 | Jan 1964 | British |
| OLIVE, Michael Pelham Morris, Mr. | Director | 2002-10-12 | Mar 1956 | British |
| WAKELY, Clare Margaret | Director | 2023-10-26 | Jul 1986 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CANFIELD, John Richard | Secretary | 2007-09-18 | 2010-07-16 |
| EVES, Richard Anthony | Secretary | 2001-04-20 | 2002-10-12 |
| LAW, Elizabeth | Secretary | 2011-04-13 | 2018-04-20 |
| LEWIN, Peter Jonathan | Secretary | 2002-10-12 | 2015-11-17 |
| POOLE, Andrew Philip | Secretary | 2001-04-20 | 2002-10-12 |
| WAKELY, Clare Margaret | Secretary | 2019-03-07 | 2023-10-26 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-04-20 | 2001-04-20 |
| EVES, Richard Anthony | Director | 2001-04-20 | 2002-10-12 |
| LEWIN, Peter Jonathan | Director | 2002-10-12 | 2015-11-17 |
| MOON, Gerard Leslie | Director | 2012-03-05 | 2012-03-05 |
| POOLE, Andrew Philip | Director | 2001-04-20 | 2002-10-12 |
| RAMSAY, Alastair James, Mr. | Director | 2014-07-01 | 2021-06-16 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2001-04-20 | 2001-04-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asset Advantage Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-01 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-13 | AA | accounts | Accounts with accounts type group | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-23 | AA | accounts | Accounts with accounts type group | |
| 2024-05-14 | CH01 | officers | Change person director company with change date | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-22 | AA | accounts | Accounts with accounts type group | |
| 2022-06-30 | AA | accounts | Accounts with accounts type group | |
| 2022-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-07-06 | AA | accounts | Accounts with accounts type group | |
| 2021-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-21 | AA | accounts | Accounts with accounts type group | |
| 2020-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.